Attempts to make land easier to acquire, and staff to hire and fire, have proved unpopular and hit roadblocks. The implementation of a nationwide Goods and Services Tax to replace a web of varied state-level charges was beset by glitches. Amid such problems, the government seems to have lost what zeal it had for the kind of big-ticket reforms needed to unlock India’s growth potential in the longer term. The finance ministry last week asked banks not to designate loans to micro- to medium-size businesses as nonperforming assets, even when they have been in arrears for 90 days, until March 2020. The country’s nonperforming loan ratio has dipped from its 2018 high of almost 11%, but at around 9%, it remains too high for comfort. Banks were also asked to organize loan melas—public gatherings between customers and banks to encourage more lending. … [Read more...] about Digging Deeper | Will corporate tax cut boost Indian economy?
Cutting the cord
While the comprehensive details will be released in early December, the essentials of the program’s participation criteria are easy and streamlined:Existing developers who made up to $1 million in 2020 for all of their apps, as well as developers new to the App Store, can qualify for the program and the reduced commission.If a participating developer surpasses the $1 million threshold, the standard commission rate will apply for the remainder of the year.If a developer’s business falls below the $1 million threshold in a future calendar year, they can re-qualify for the 15 percent commission the year after.Apple CEO Tim Cook described the move as a way to support small businesses that are a “backbone of our global economy and the beating heart of innovation and opportunity in communities around the world.”. The new App Store Small Business Program, according to Apple, will benefit the vast majority of developers who sell digital goods and services on the store, … [Read more...] about Apple cuts App Store fees by half to 15%, big win for developers under Small Business Program
In order to qualify, a developer must have made $1 million or less in App Store revenue from all of their apps combined in 2020. If they made $1 million or less, Apple considers them a “small business” and eligible for the reduced fees. As Apple noted in an announcement regarding the new program: … [Read more...] about Apple cuts its App Store commission fee from 30% to 15% for small developers
“Two things are very important in life - Clean Slate and Clean Heart. Today's generation has to move forward with a Clean Slate. The thought that remains in the minds of some people that nothing will change, this will have to be cleaned. And Clean Heart means clean intention,” said the PM. … [Read more...] about India moving swiftly on the solar energy scale, has set target of cutting carbon footprint by 30-35%: PM Modi
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about SpiceJet founders foray into cut-price COVID-19 testing, offer RT-PCR at Rs 499